Christopher Vanderhook Sells 5,000 Shares of Viant Technology (NASDAQ:DSP) Stock

Viant Technology Inc. (NASDAQ:DSP) COO Christopher Vanderhook sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $11.17, for a total transaction of $55,850.00. Following the sale, the chief operating officer directly owned 7,500 shares of the company’s stock, valued at approximately $83,775. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christopher Vanderhook also recently made the following trade(s):

• On Thursday, June 18th, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The stock was sold at an average price of $10.96, for a total transaction of $27,400.00.
• On Monday, June 15th, Christopher Vanderhook sold 9,125 shares of Viant Technology stock. The shares were sold at an average price of $11.10, for a total value of $101,287.50.
• On Thursday, May 21st, Christopher Vanderhook sold 2,500 shares of Viant Technology stock. The shares were sold at an average price of $10.79, for a total transaction of $26,975.00.
• On Tuesday, May 19th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The shares were sold at an average price of $10.89, for a total value of $54,450.00.

Viant Technology Price Performance

Shares of DSP stock opened at $11.24 on Friday. The company has a market capitalization of $736.56 million, a P/E ratio of 31.22 and a beta of 1.04. Viant Technology Inc. has a 12-month low of $8.11 and a 12-month high of $15.18. The firm has a 50-day moving average price of $11.24 and a 200 day moving average price of $11.22.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). The business had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. As a group, research analysts expect that Viant Technology Inc. will post -0.18 earnings per share for the current year.

Hedge Funds Weigh In On Viant Technology

Institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP increased its stake in shares of Viant Technology by 81.6% in the 1st quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock valued at $699,000 after acquiring an additional 28,052 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in Viant Technology by 16.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock worth $15,088,000 after acquiring an additional 190,248 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Viant Technology during the 1st quarter worth approximately $97,000. Hillsdale Investment Management Inc. acquired a new position in Viant Technology during the first quarter valued at approximately $320,000. Finally, Hsbc Holdings PLC grew its holdings in Viant Technology by 8.2% during the fourth quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after purchasing an additional 2,122 shares during the period. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. DA Davidson upped their price target on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Loop Capital set a $14.50 price objective on shares of Viant Technology in a research report on Tuesday, March 10th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a report on Thursday, April 16th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Viant Technology presently has an average rating of “Buy” and an average price target of $18.00.

Viant Technology Company Profile

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.